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To: Doug who wrote (6230)	8/31/1998 12:42:00 PM
From: pat mudge	Read Replies (2) \| Respond to of 18016

To establish a bottom, we need to see successive days of accelerated price falls on increasing volumes. We have had the price drop & acceleration but volumes are not the type that one would expect at a bottom. Another sell off on increased volume may be necessary. Doug -- I missed last week's carnage and, now, reading the posts, it appears you're right on. Any further thoughts in today's market? I guess what I'm asking is if the bearish sentiment has reached a point where it become bullish. I haven't sold anything since the bottom began sliding, but I haven't bought anything either. What signs are you watching before stepping in, or are you stepping in at this point? I welcome all thoughts. Later -- Pat

To: Doug who wrote (6230)	8/31/1998 5:17:00 PM
From: Doug	Read Replies (3) \| Respond to of 18016

All: The slide predicted in post #6230 has come to pass. Technically this points to a bottom. However because of the new threat from the YUAN, one cannot be certain. If the HK market recovers all is well and we could start basing. If HKT has another deep slide or if the YEN weakens further , it will likely cause the YUAN to be devalued. That fall could trigger another avalanche in the U.S mkts. The number of factors now influencing the markets seem to increase daily.